CHAPTER 21. International and Foreign Banking and Financing [1850. - 1910.]

Chapter 21 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1850–1910 · 53 sections

1. ARTICLE 1. International and Foreign Banking and Financing Corporations §§ 1850–1897 · 48 sections

   • § 1850 As used in this article, unless the context otherwise requires, “corporation” means a corporation organized under the laws of this state for the purpose of…
   • § 1851 The provisions of Chapter 1 (commencing with Section 99) of Division 1 applicable to, or with respect to, banks shall apply to, or with respect to, as the case…
   • § 1852 When authorized by the previous written consent of the commissioner as provided by Chapter 3 (commencing with Section 1040) one or more persons may organize a…
   • § 1853 The articles of a corporation shall provide that the purpose of the corporation is to engage in the business of international and foreign banking and other…
   • § 1854 The articles of incorporation shall be submitted to the commissioner for his or her approval before they are filed with the Secretary of State pursuant to the…
   • § 1855 Each corporation shall have power, under such rules and regulations as the commissioner may prescribe: (a) To purchase, sell, discount, and negotiate, with or…
   • § 1856 Except with the approval of the commissioner, no corporation shall invest in any one corporation an amount in excess of 10 percent of its own shareholders’…
   • § 1857 No corporation shall purchase, own, or hold stock or certificates of ownership in any other corporation organized under this article or under the laws of any…
   • § 1858 Nothing contained in this article shall prevent corporations from purchasing and holding stock in any corporation where such purchase shall be necessary to…
   • § 1859 No corporation shall carry on any part of its business in the United States except such as, in the judgment of the commissioner, shall be incidental to its…
   • § 1860 No corporation shall engage in commerce or trade in commodities except as specifically provided in this article, nor shall it either directly or indirectly…
   • § 1861 It shall be unlawful for any director, officer, agent, or employee of any corporation to use or to conspire to use the credit, the funds, or the power of the…
   • § 1862 No corporation shall be organized without adequate shareholders’ equity.
   • § 1863 The provisions of Chapter 5 (commencing with Section 1100) (except the provisions of Section 1121) applicable to, or with respect to, banks shall apply to, or…
   • § 1864 Any bank may invest in the shares of any corporation organized under the provisions of this article, but the aggregate amount of stock held in all corporations…
   • § 1865 (a) In this section, “foreign bank” means any company organized under the laws of a foreign country, a territory of the United States, Puerto Rico, Guam,…
   • § 1866 Whenever it shall appear to the commissioner that any corporation has violated the provisions of its articles of incorporation or any law of this state, or is…
   • § 1867 No corporation shall deposit any of its funds with any other moneyed corporation unless the other corporation has been nominated and designated as a depositary…
   • § 1868 No corporation shall be the holder of any shares of its own capital stock unless such stock shall have been taken to prevent loss upon a debt previously…
   • § 1869 No corporation shall, either directly or indirectly, make any discount to any person for the purpose of enabling him to pay for or hold shares of its stock…
   • § 1870 No corporation shall by any system of accounting or any device of bookkeeping, directly or indirectly enter any of its assets upon its books in the name of any…
   • § 1871 Every corporation shall conform its methods of keeping its books and records to such orders in respect thereto as have been made and promulgated by the…
   • § 1872 Each official communication directed by the commissioner to a corporation or to any officer thereof, relating to an examination or investigation conducted by…
   • § 1873 On or before the first day of February in each year, each corporation and every foreign corporation licensed by the commissioner to transact the business of…
   • § 1874 Every corporation and foreign corporation shall also make such other special reports to the commissioner as he or she may from time to time require, which…
   • § 1875 If any corporation or foreign corporation shall fail to make any report required by this article on or before the day designated for the making thereof, or…
   • § 1876 Every corporation shall hold a meeting of its stockholders annually upon a date fixed in its bylaws at its main office, or if its main office is to be located…
   • § 1877 Every corporation shall keep at its main office, or if its main office is to be located outside of this state, at its branch or other office in this state,…
   • § 1878 Every corporation shall make reports to the commissioner at such times and in such form as the commissioner may require and is subject to examination by…
   • § 1879 No officer, director, clerk or other employee of any corporation, and no person in any way interested or concerned in the management of its affairs, shall as…
   • § 1880 Every officer, director, clerk, employee, or agent of any corporation who embezzles, abstracts, or willfully misapplies any of the moneys, funds, credits,…
   • § 1881 Whoever being connected in any capacity with any corporation represents in any way that the State of California is liable for the payment of any bond or other…
   • § 1882 No person shall act in this state as the representative of any foreign corporation in transacting the business described in this article as the business of a…
   • § 1883 Every foreign corporation before being licensed by the commissioner to transact in this state the business of a corporation, or any part thereof, shall…
   • § 1884 At the time the application certificate is first submitted to the commissioner, such corporation shall also submit a duly authenticated copy of its charter, or…
   • § 1885 No foreign corporation shall transact in this state the business defined in this article or any part thereof, unless such corporation shall have: (a) Been…
   • § 1886 When the commissioner shall have issued a license to any foreign corporation, it may engage in the business of a corporation of the kind authorized by this…
   • § 1887 Every foreign corporation, before receiving a license to transact business in this state, shall deposit with the State Treasurer of the State of California…
   • § 1888 The foreign corporation shall pay a license fee of five hundred dollars ($500).
   • § 1889 Every foreign corporation, duly licensed by the commissioner to transact in this state the business defined and authorized in this article, or any part…
   • § 1890 Whenever the commissioner shall have revoked the license of any such foreign corporation and shall have taken the action to make such revocation effective, all…
   • § 1891 Nothing in this division restricts the right of a state international or foreign banking or financing corporation to convert into an international or foreign…
   • § 1892 An international or foreign banking or financing corporation organized under the laws of the United States may convert into a state international or foreign…
   • § 1893 Nothing in this division restricts the right of any one or more state international or foreign banking or financing corporations to merge into or consolidate…
   • § 1894 Nothing in this division restricts one or more international or foreign banking or financing corporations organized under the laws of the United States from…
   • § 1895 Whenever a state international or foreign banking or financing corporation survives the merger of one or more international or foreign banking or financing…
   • § 1896 Whenever one or more state international or foreign banking or financing corporations and one or more international or foreign banking or financing…
   • § 1897 Whenever an international or foreign banking or financing corporation organized under the laws of the United States converts into a state international or…
2. ARTICLE 2. Bank Investments in International or Foreign Banking or Financing Companies Organized Under the Laws of the United States §§ 1900–1902 · 3 sections

   • § 1900 Any bank may, with the consent of the commissioner, upon such conditions and under such regulations as the commissioner may prescribe, invest in the stock of…
   • § 1901 Every bank investing in the capital stock of any corporation described in Section 1900 shall be required to furnish information concerning the condition of…
   • § 1902 Before any bank shall be permitted to purchase stock in any corporation described in Section 1900 the said corporation shall enter into an agreement or…
3. ARTICLE 3. Bank Investments in International or Foreign Banking or Financing Corporations Organized Under the Laws of any State of the United States § 1905 · 1 section

   • § 1905 Any bank may, with the consent of the commissioner, upon such conditions and under such regulations as the commissioner may prescribe, invest in the stock of…
4. ARTICLE 4. Bank Investments in Foreign Banks § 1910 · 1 section

   • § 1910 Any bank may, with the consent of the commissioner, upon such conditions and under such regulations as the commissioner may prescribe, acquire and hold,…